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Saturday, November 10, 2012

Hawaii Eliminating Solar Tax Credits

From "EarthJustice"

State Tax Proposal Would Slam the Brakes on Solar Energy, Jobs in Hawai'i

November 9, 2012

Honolulu, HI —

Today, Governor Neil Abercrombie announced a drastic, potentially devastating cut to the Hawaiʻi's
successful tax credit for solar energy. The proposal would reduce by
approximately 50 percent the tax credit for homeowners and businesses
that install solar energy systems. The solar industry is one of Hawaiʻi's
strongest growth sectors, and the state’s proposal threatens the future
of thousands of workers and jeopardizes recent progress in weaning
Hawaiʻi off dirty, imported fossil fuels.

What does this mean to you, the homeowner? It means that the window for energy independence is closing. The end of the year rush was already on before this post election bombshell hit.

If the tax credits go away, the economics of solar will be vastly changed. And it is not just the tax credits that put you at risk, it is the amount of solar on the grid. HECO sets the rules when it comes to the amount of solar they will "allow". On Kauai, no one can do solar anymore.....they have "too much".

ACT NOW, if you have a proposal in hand, sign it and fax it or scan it in. We will accommodate everyone possible, keeping in mind that panels are going to sell out. Also, prices are likely to go up as demand outstrips supply.

IT is still POSSIBLE to get a system this year, but don't lose even a day at this point.

Call us 671-5566

Here are the real notices for the State. This is the real deal.

This is the real "rules". They were created without industry input, and are overly complicated and restrictive. Doing PV in 2012 is simple. Next year will be a nightmare, and consumers will lose out on a lot of money.

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“Because of the amount we save each month on our bill from having solar hot water I’m able to stay home from work. It’s the best investment we’ve ever made. It pays for itself very quickly and has reduced our electricity bill by half.”

-AAnn, Ewa Beach

“Our 16 panels and micro inverters have dropped our electricity bill by $250 a month. We have a 7500 square foot house and our goal is to get our bill down to zero. We will definitely use Pacific Energy again to expand our system. The tax credit process was simple and we can track how much electricity we produce. This investment has been worth it. Energy costs are only going to keep going up and it will take us around five years to recoup what we paid for our system. You can’t get that kind of return anywhere else.”

Mark, Waialua

“Our system has produced 6000kWh since May 2008. That’s around18kWh a day with 16 panels. I am very impressed with Pacific Energy and appreciate their service. Every time something needed to be done, they were here. The installation was also very fast. We now only pay the HECO service charge and generate all of our own electricity.”

John, Waianae

“Pacific Energy is a great company to work with. The quality is excellent and the installers were very professional. We have 20 panels with micro inverters. Our bill was previously $160-180 and now we only pay the $18 service charge and have 113kWh of credit.”

Glenn, Royal Kunia

Thanks for the ‘aftermarket service check’. The key information that we are both interested in is the system is working every bit as well as you said it would. I received my first (after solar panels) electric bill and it was the $18+ administration fee. The nice thing is the bill also reflected how many Kw of credits were generated last month. Not a huge amount, about 3 day’s work of credits based upon past historical use.

I’m really pleased with the system, the care with which your folks worked and the professional manner throughout the entire process.

I brag about the system and your company every chance I get and encourage neighbors and friends to contact you and either add to their systems or do a complete install.

I’m hoping after paying income tax I’ll be even more enthusiastic about the whole thing.

Place me in the very satisfied customer stack and being able to monitor the system, even when in Thailand or the Philippines gives a real sense of security. Great job!

Kap khun mahl krab, as is said in Thai. Thank you very much.

Chris, Ewa Beach

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